Here’s how SIM swap in alleged bitcoin pump-and-dump scheme worked
Here’s how SIM swap in alleged bitcoin pump-and-dump scheme worked
arstechnica.com
Here’s how SIM swap in alleged bitcoin pump-and-dump scheme worked
8 comments
-
-
Oh my god, someone please tell me about understanding of the following facts are wrong:
They did all of that, compromised a SEC employee and the official SEC Twitter account, to move the price of Bitcoin only around 2.2%.
They could have just put sell orders in, and waited a month.
Here's the hourly BTC high and low prices for the day in question, Jan. 9th., 2024
All that risk, just to bump the price up $1,000, when it was already trading between $45-47k.
That is so dumb, so painfully dumb, that I almost feel bad about laughing my ass off about this. JFC.
8 comments
Idiot. Why did they not run those searches over the tor network to anonymize themselves? That is quite frankly stupid. And the fact that the SEC was using SMS-based two-factor authentication is also stupid. One time pads or bust motherfuckers.
OTP 2FA Codes are one time pads
More like the insecurity exchange commission
Well then again, you expect government agencies to be secure? Yeah, not hardly.